The Group revenue of Kemppi Oy, which specializes in the design and manufacturing of arc welding equipment and welding software, as well as the production and marketing of welding-related products and services, grew by 9.7% compared to the previous year, totaling EUR 195.1 (177.9) million. The growth in turnover is driven by a favorable market situation in some markets, new product launches and successfully implemented price increases. The new welding equipment introduced during the past year boosted sales, especially in the last quarter of the year.
The Group’s operating profit in the fiscal year 2022 was EUR 24.4 (27.7) million and the result before taxes was EUR 22.7 (26.3) million. Although the Group’s operating expenses increased as planned during the financial period, profitability remained at a good level. In product development, the focus was on renewing the product range and launching new products. The Group’s product development costs were EUR 11.0 (10.5) million, or 5.6% (5.9%) of turnover.